IT dept extends ITR filing deadline till August 5

For those who could not file their income tax returns by 31st July, 2017, there is a good news for them. Income tax department has extended ITR filling deadline for another 5 days i.e. till August 5, 2017.

The official twitter handle of the department said the move was made “in view of difficulties faced by taxpayers.”

The last minute deluge and intense logging on the official website of the e-filing portal of the department led to the extension of five more days for filing the ITRs by taxpayers.

The department, till Sunday, however had maintained that no extension would be given as already over 2 crore returns have been received and no major glitches on the portal had been detected.

Revenue Secretary Hashmukh Adhia in a series of tweets said, “In view of today’s bank strike and disturbance in Jammu and Kashmir, due date of IT return filing is being extended. For assessees across India, liable to file IT Returns by 31st July, deadline is extended up to 5th August.”

IT dept extends ITR filing deadline

However, the date for Jammu and Kashmir assesses have been extended to August 31, 2016. “For assesses in J&K, this date has been extended to 31st August,” he added.

But, the situation changed on Monday and the extension was declared.

Besides filing ITR, the department has also asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs 2 lakh or more, post demonetisation between 9 November-30 December last year.

This time, the linking of the Aadhaar number with the PAN (Permanent Account Number) of a taxpayer has been made mandatory for filing of an ITR, beginning July 1.

ITR is a statement of income earned by a person in a financial year. Individuals (other than company and firm) whose total income exceeds the specified threshold limit in a financial year are required to file income tax return for that financial year.